MNT.TO vs. QQQL.TO
MNT.TO (Royal Canadian Mint - Canadian Gold Reserves) and QQQL.TO (Global X Enhanced Nasdaq-100 Index ETF) are both exchange-traded funds - MNT.TO is a Gold fund, while QQQL.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past year, MNT.TO returned 18.65% vs 49.32% for QQQL.TO. At a 0.03 correlation, their price movements are largely independent.
Performance
MNT.TO vs. QQQL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MNT.TO achieves a -6.93% return, which is significantly lower than QQQL.TO's 25.16% return.
MNT.TO
- 1D
- -1.48%
- 1M
- -6.99%
- YTD
- -6.93%
- 6M
- -10.28%
- 1Y
- 18.65%
- 3Y*
- 31.47%
- 5Y*
- 21.45%
- 10Y*
- 12.39%
QQQL.TO
- 1D
- -3.69%
- 1M
- 2.80%
- YTD
- 25.16%
- 6M
- 23.69%
- 1Y
- 49.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MNT.TO vs. QQQL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MNT.TO Royal Canadian Mint - Canadian Gold Reserves | -6.93% | 61.23% | 21.43% |
QQQL.TO Global X Enhanced Nasdaq-100 Index ETF | 25.16% | 16.12% | 21.98% |
Correlation
The correlation between MNT.TO and QQQL.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 27, 2024 | 0.03 |
The correlation between MNT.TO and QQQL.TO shifts across timeframes, from 0.03 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MNT.TO vs. QQQL.TO — Risk / Return Rank
MNT.TO
QQQL.TO
MNT.TO vs. QQQL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MNT.TO | QQQL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.50 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 3.83 | -3.17 |
| Martin ratioReturn relative to average drawdown | 1.69 | 10.32 | -8.63 |
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Drawdowns
MNT.TO vs. QQQL.TO - Drawdown Comparison
The maximum MNT.TO drawdown since its inception was -34.79%, which is greater than QQQL.TO's maximum drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for MNT.TO and QQQL.TO.
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Drawdown Indicators
| MNT.TO | QQQL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.79% | -27.82% | -6.97% |
Max Drawdown (1Y)Largest decline over 1 year | -28.55% | -13.02% | -15.53% |
Max Drawdown (3Y)Largest decline over 3 years | -28.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.58% | — | — |
Current DrawdownCurrent decline from peak | -25.83% | -3.85% | -21.98% |
Average DrawdownAverage peak-to-trough decline | -15.87% | -4.83% | -11.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.06% | 4.81% | +6.25% |
Volatility
MNT.TO vs. QQQL.TO - Volatility Comparison
The current volatility for Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) is 8.23%, while Global X Enhanced Nasdaq-100 Index ETF (QQQL.TO) has a volatility of 10.40%. This indicates that MNT.TO experiences smaller price fluctuations and is considered to be less risky than QQQL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNT.TO | QQQL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 10.40% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 26.05% | 16.10% | +9.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.85% | 20.87% | +9.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.47% | 26.15% | -5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 26.15% | -6.55% |
Dividends
MNT.TO vs. QQQL.TO - Dividend Comparison
Neither MNT.TO nor QQQL.TO has paid dividends to shareholders.
Frequently Asked Questions
MNT.TO and QQQL.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MNT.TO is categorized as Gold, while QQQL.TO is Nasdaq-100.
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